Waycross Partners LLC Has $32.73 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Waycross Partners LLC raised its stake in Lowe's by 3.6% to 135,698 shares, a position valued at about $32.73 million and representing 2.7% of Waycross's holdings (its 13th largest holding).
• Lowe's beat quarterly expectations, reporting $1.98 EPS vs. $1.94 est. and $20.59 billion revenue (up 10.9% YoY), and set FY2026 guidance of 12.25–12.75 EPS.
• Analysts remain broadly positive with a consensus rating of “Moderate Buy” and an average price target of $289.76, and the company declared a quarterly dividend of $1.20 (2.1% yield).

Waycross Partners LLC boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,698 shares of the home improvement retailer's stock after acquiring an additional 4,771 shares during the period. Lowe's Companies accounts for 2.7% of Waycross Partners LLC's holdings, making the stock its 13th biggest position. Waycross Partners LLC's holdings in Lowe's Companies were worth $32,725,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LOW. Vanguard Group Inc. increased its holdings in shares of Lowe's Companies by 0.6% in the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer's stock valued at $13,898,992,000 after purchasing an additional 329,807 shares during the last quarter. State Street Corp lifted its stake in shares of Lowe's Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock worth $6,291,867,000 after buying an additional 124,501 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe's Companies during the 2nd quarter worth about $1,773,624,000. Northern Trust Corp boosted its holdings in shares of Lowe's Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock worth $1,716,467,000 after buying an additional 103,827 shares during the period. Finally, Invesco Ltd. grew its stake in Lowe's Companies by 5.2% in the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer's stock valued at $1,213,921,000 after buying an additional 240,123 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Down 2.5%

Shares of Lowe's Companies stock opened at $230.07 on Friday. The stock has a market capitalization of $128.85 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 5.13 and a beta of 0.98. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The company has a 50-day simple moving average of $262.43 and a two-hundred day simple moving average of $252.23.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business's revenue was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe's Companies's dividend payout ratio is currently 40.51%.

Insider Buying and Selling

In other Lowe's Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe's Companies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares of the company's stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Lowe's Companies from $230.00 to $250.00 and gave the company a "hold" rating in a report on Monday, December 1st. Rothschild & Co Redburn upped their target price on Lowe's Companies from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. The Goldman Sachs Group increased their target price on Lowe's Companies from $283.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Wells Fargo & Company lifted their price target on Lowe's Companies from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Finally, Gordon Haskett dropped their price target on Lowe's Companies from $325.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $289.76.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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